Credit Suisse Securities v. Simmonds

Holding: Normal equitable tolling principles apply to the statute of limitations for lawsuits under § 16 of the Securities Exchange Act of 1934. Section 16(a) requires corporate insiders to disclose personal transactions involving the corporation’s securities.

Judgment: Vacated and remanded, 8-0, in an opinion by Justice Scalia on March 26, 2012. The Chief Justice took no part in the consideration or decision of this case.

SCOTUSblog Coverage

• Opinion analysis: Occupying the “reasonable middle ground” on tolling of insider trading claims (Steven Kaufhold)
• Argument recap: A middle ground on tolling of insider trading claims? (Steven Kaufhold)
• Argument preview: Tolling the statute of limitations for insider trading claims (Steven Kaufhold)

Briefs and Documents

Merits Briefs for Petitioners

• Brief for Credit Suisse Securities et al.
• Reply brief for Credit Suisse Securities et al.

Amicus Briefs in Support of the Petitioners

• Brief for the Chamber of Commerce of the United States of America et al.
  

Amicus Brief in Support of Neither Party

• Brief for the United States 

Merits Briefs for the Respondent

• Brief for Vanessa Simmonds

Certiorari-stage documents

• Opinion below (9th Cir.) _
• Petition for certiorari
• Brief in opposition
• Petitioners' reply